Colliers is proud to have been exclusively appointed to market 6 & 10 Mitchelson Street, Ellerslie, Auckland for sale.
6 & 10 Michelson Street present a unique and inviting opportunity to capitalise on an asset with strong holding income along with a landholding that is prime for future development. Rare in this market, the two addresses offer an astute buyer the chance to satisfy a desire for investment return (with a multi-tenanted office building) situated at 6 Mitchelson Street, along with a sperate Freehold title that has the potential for residential or commercial development in the future (whilst currently offering overflow car parking space), situated at 6 Mitchelson Street.
Nestled within the popular Ellerslie catchment, the two subject properties offer a combined holding income of $658,189 p.a + GST + OPEX generated from 10 commercial tenants. Both properties sit on two separate Freehold titles spanning a combined 3,960sqm of land (6 Mitchelson 2,267sqm and 10 Mitchelson 1,693sqm). The blend of these two assets present an attractive rental income and significant development opportunity making the site appeal to a wide range of buyers.
Situated on the Southern Gateway, just 8km from Auckland’s CBD, Ellerslie stands out as a pivotal arterial suburb in the city, renowned for its rapidly evolving commercial landscape.
The properties are being sold individually or as a combined parcel. Please contact either Logan Roach or David Burley for further information or to arrange an inspection.
Features:
* Returning $658,189 p.a + GST Across 10 Tenancies
* 2,164m2 of Net Lettable Area (6 Mitchelson Street)
* 2,267m2 Freehold Site (6 Mitchelson Street)
* 1,693m2 Freehold Site with Development Potential (10 Mitchelson Street)
* Business - Mixed Use Zoning
* Purchase Options - Acquire One or Both Assets